City Council Minutes 2019 02 05 - Laserfiche WebLink

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City Council Meeting Minutes February 5, 2019 Page 9 of 21 Ryan Atkin, lives in Superior and works for Real Capital Solutions on McCaslin Boulevard, stated the marketplace concept is cool, but the challenge here is unique because there is not the density of those locations. Within one mile of Stanley Marketplace there are 30,000 people but here it would be 7,600 and going further out there is still the density issue. He stated housing projects would work well but should consider condos or townhomes which would be desirable. This would give people the chance to get on the housing ladder and would be less expensive than Boulder This is a great place to live, housing would be a good use at this location We need a comprehensive solution Jeff Sheets, Koelbel and Company, 5291 E. Yale Avenue, stated the market is not filling the location so we need to consider the retail market is dynamic and is changing This area is no longer a regional draw as it was 15 years ago, there is too much competition We are left with community retail which is not the size and scale of what we have here. Carving up the boxes will be a challenge His company will actively market the Kohl's store but trying to get a large store will be difficult. Alternative 1 is status quo, Alternative 3 is not likely achievable. That leaves Alternative 2 Louisville needs to take the lead in the GDP amendment, not the developers. The owners will take the lead on the private covenants because they are outdated Councilmember Leh asked what kinds of uses Sheets would like to see. Sheets stated a residential component would be integrated That is what business parks are all doing We need to make it a community draw Other uses could be medical, a hotel, or variety of other uses. It will take the City and the private land owners to make this work. We don't have the density to do a large food hall, maybe a smaller one could make sense Cindy Bedell, 662 West Willow Street, stated she attended many Small Area Plan meetings and wondered why Council is considering scenarios that weren't considered in the Small Area Plan when the area is now producing sales tax. High density residential was taken out of the Small Area Plan because there was no community support. Livable small town feel does not support taller buildings. She asked what the occupancy rate is of other apartments as she had heard it is low John Pino, lives in Superior and works at Real Capital Solutions, stated retail is not dying it is just changing He stated it is clear what existed there no longer functions. He also agreed challenges are low density, competition, poor access and visibility He stated Superior is already challenged to fill its new retail because of the lack of density A marketplace would be great but it would need to be smaller A mix between Alternatives 2 and 3 is more viable with a strong residential component. There needs to be a good mixed use environment but retail there will be smaller than what it is currently as the numbers don't pencil out. There are a lot of these types of underused areas across the country Councilmember Maloney stated Sam's has been gone for 9 years, Kohl's is leaving, and this corridor is important for our long-term economic sustainability It is time to do something as a Council Council asked for this study and the goals have been met.